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Productivity surge signals job growth to follow

Source: Washington Post
New York City : NY : USA | about 1 month ago  
Views: 12
U.S. business productivity grew at its fastest clip in six years in the third quarter and new claims for jobless aid fell to a 10-month low last week, suggesting the labor market may be starting to bottom out. The Labor Department said on Thursday that productivity surged at a 9.5 percent annual rate,...
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Blogs
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  • Blog Source: www.washingtonexaminer.com
    It is typical for productivity to soar in the early stages of an economic recovery as businesses continue to aggressively cut costs even as output rebounds. However, the concern is that the continued squeeze on workers' incomes will depress ... The
  • Blog Source: education.wallstreetsurvivor.com
    Wall Street opened higher open on Thursday as data showed a steep pickup in productivity and a decline in applications for jobless insurance. ... Dow Jones industrial average futures gained 59 points, and Nasdaq 100 futures added 10.50 points.
  • Blog Source: www.businessinsider.com
    New jobless claims of 512000 was lower than the 530000 last week, and the 525000 analysts had anticipated. And productivity soared 9% in Q3, no doubt the result of all that cost cutting. After pointing down, futures are now pointing .... The "
  • Blog Source: kosu.org
    First-time jobless claims dropped more than expected last week to 512000, the lowest level since early January, evidence that job cuts are easing as the. ... It is typical for productivity to soar in the early stages of an economic recovery as
  • Blog Source: www.fabcara.com
    Initial jobless claims dropped by 20000 to 512000 in the week ended Oct. 31, the fewest since January, from 532000 the prior week. The number of people receiving jobless benefits fell to the lowest level since March, while those who ... Among
  • Blog Source: www.ktvz.com
    The jobless rate hit a 26-year high of 9.8 percent in September and economists predict it will edge up to 9.9 percent when the October number is released on Friday. Many analysts expect the jobless rate could rise as high as 10.5 ...
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